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Office-Retail Space with Basement
New
For Lease
$2,200/Mo

1161 Broadway, Somerville, MA 02144

A flexible commercial suite features high ceilings, central heat and air conditioning, and convenient access to Routes 2 and 16.

Space Size1,100 SF
Days on Market6

Property Features for 1161 Broadway

General Information

Standard status Active
Size 1,100 SF
Net Rentable 1,100 SF
Property subtype COMMERCIAL

Space & Availability

Available Space 1,100 SF
Contiguous Space 1,100 SF

Additional Details

Highway Access Yes

Amenities

high ceilings
central heat and A/C
full basement

Building Details

Year Built 1910
Listing Agency: Steve Bremis Realty Group
Listed By: Nick Kondilis
Source: Bostonluxurysuburbs
Added: Oct 5 Changed: Oct 7 Last Checked: Oct 10 at 1:28AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Steve Bremis Realty Group

Investment Insights

Based on property information with market context.

This office and retail property offers approximately 1,100 square feet of space, complemented by a full basement. High ceilings and central heat and air conditioning are among its existing features. The building dates to 1910.

The property is in Teele Square, near Davis Square and Tufts, with access to Boston and Routes 2 and 16.

Key Highlights

  • Approximately 1,100 square feet with a full basement
  • High ceilings
  • Central heat and air conditioning

Property Analytics

Current Use

B & D Building ... Construction Company PMG Association Or Organization

Suggested Use

Top Pick Law Firm Nail Salon Food Market Grocery & Convenience Store Computer & Electronic Repair Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type
$3.60 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,106
Businesses Nearby
32k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 76% Dining 13% Shops & Services 11%
Stop & Shop Groceries
24,630 visits/mo 0.4 miles
Dunkin' Donuts Dining
4,315 visits/mo 0.5 miles
Mavis Discount Tire Shops & Services
2,066 visits/mo 0.4 miles
Valvoline Instant Oil Change Shops & Services
1,424 visits/mo 0.4 miles

Demographics for 02144, MA

25,497
Population
11,881
Households
2.1
Avg Household Size
31
Median Age
75%
College-Educated
96%
High-School Grad
1.1 sq mi
ZIP Area
23,179
Density / Sq Mi
$140,591
Median Household Income
$74,639
Median Earnings
$2,654
Median Rent
$987,000
Median Home Value

Market

Lease Benchmarks for Somerville, MA

$19.75 /SF/Yr
Avg Asking Price
$10–$35 /SF/Yr
Price Range
1,408 SF
Avg Space Size

This space is priced 22% above the average of $19.75 /SF/Yr.

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - A flexible commercial suite features high ceilings, central heat and air conditioning, and convenient access to Routes 2 and 16.
Where is this mixed-use property located?
The property is located at 1161 Broadway Somerville, MA.
What is the lease rate?
The lease rate is $2,200/Mo.
What are key features of this property?
This property features: Approximately 1,100 square feet with a full basement; High ceilings; Central heat and air conditioning
More about this property
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